Asahi, Cheung Kong, Hanjin Shipping, Yamaha: Asia Stocks Preview

By Yoshiaki Nohara -
Nov 30, 2011

The following companies may have
unusual price changes in Asia trading tomorrow. Japanese markets
were closed today for a national holiday. Stock symbols are in
parentheses, and share prices are as of the latest close. The
information in each item was released after markets shut unless
stated otherwise.

Hong Kong developers: Used-home transactions at 10 of Hong
Kong’s biggest private housing developments fell this month to
the lowest since at least January 2006, said Centaline Property
Agency Ltd. The number of deals fell 30 percent in November from
last month, the company said in an e-mailed statement.

Access Co. (4813 JT): The developer of Internet browser
software reported a net loss of 1.92 billion yen for the nine-
month period ended Oct. 31, wider than a 1.24 billion yen loss a
year earlier, according to a statement to the Tokyo Stock
Exchange. The company lost 0.8 percent to 39,300.

Asahi Group Holdings Ltd. (2502 JT): The maker of beer and
other beverages is seeking approval from the Australian
Competition & Consumer Commission to buy Mountain H20 Pty Ltd.,
a mineral water company, according to a statement to the Tokyo
Stock Exchange. The stock rose 0.4 percent to 1,697 yen.

Axiata Group Bhd. (AXIATA MK): Malaysia’s largest mobile-
phone company by market value said third-quarter profit fell to
589.6 million ringgit ($185.57 million) from 639.1 million
ringgit a year earlier. The shares gained 5.2 percent to 5.10
ringgit.

Easyknit International Holdings Ltd. (1218) (1218 HK): The
exporter of cotton-based garments said net loss for the six
months ended Sept. 30 was HK$205 million ($26.3 million),
compared with a profit of HK$254 million a year earlier. The
stock was unchanged at HK$4.

Hanjin Shipping Co. (117930 KS): The company will raise
rates for Asia-Europe routes starting Dec. 23 on higher costs
including fuel, according to an e-mailed statement. The South
Korean shipping line slipped 1.8 percent to 8,430 won.

Hansol Technics Co. (004710) (004710 KS): The company plans to sell
about 3 million new shares, according to a regulatory filing.
The South Korean maker of display modules lost 0.5 percent to
22,100 won.

Maxis Bhd. (MAXIS) : The Malaysian mobile-phone operator
said third-quarter net profit fell to 537 million ringgit from
601 million ringgit a year earlier, according to a company
statement. The shares rose 1.5 percent to 5.50 ringgit.

Mphasis Ltd. (MPHL) : An Indian software-maker said net
income fell 25 percent to 8.22 billion rupees from a year
earlier, according to an exchange filing today. The shares rose
0.9 percent to 324.8 rupees.

NTPC Ltd. (NTPC IN): India’s biggest power producer has
exited International Coal Ventures Ltd., a group of Indian
state-run companies formed to look for coal assets overseas,
Chairman Arup Roy Choudhury said in New Delhi today. The stock
climbed 2.4 percent to 162.35 rupees.

Ranbaxy Laboratories Ltd. (RBXY) : India’s largest
drugmaker by revenue got an approval from the U.S. Food and Drug
Administration for it’s manufacturing plant in Mohali in
northern India, according to a statement posted on the website
of PharmAsia News. The company’s spokesman Krishnan Ramalingam
declined comment when contacted by phone. The shares lost 3.9
percent to 434.65 rupees.

Toshiba Corp. (6502 JT): The maker of semiconductors and
nuclear power plants will phase out production in the first half
of fiscal 2012 at three of the six plants that produce discrete,
analog and imaging chips, the company said in a statement. The
stock fell 1.1 percent to 347 yen.

Yamaha Motor Co. (7272 JT): The motorcycle maker plans to
restore its full output in Thailand by year-end, the Nikkei
newspaper reported. Thailand flooding cut the firm’s motorcycle
production by about 40,000 units, the newspaper reported on its
website, citing President Hiroyuki Yanagi. The stock fell 0.6
percent to 1,046 yen.